MBB Public Markets I LLC purchased a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,194 shares of the electronics maker's stock, valued at approximately $310,000.
Other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of TE Connectivity by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock worth $2,479,000 after purchasing an additional 192 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of TE Connectivity by 2.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker's stock worth $3,516,000 after purchasing an additional 511 shares during the period. Brighton Jones LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth approximately $820,000. Robeco Institutional Asset Management B.V. raised its holdings in TE Connectivity by 0.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 139,758 shares of the electronics maker's stock valued at $19,751,000 after acquiring an additional 760 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in TE Connectivity by 7.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,705 shares of the electronics maker's stock valued at $5,470,000 after acquiring an additional 2,691 shares during the period. Institutional investors own 91.43% of the company's stock.
Insider Activity at TE Connectivity
In related news, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the transaction, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares of the company's stock, valued at $977,155.20. This trade represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,645 shares of company stock valued at $27,267,158 over the last ninety days. 0.90% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on TEL shares. JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. KGI Securities raised shares of TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Wells Fargo & Company boosted their target price on shares of TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Citigroup boosted their target price on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Wall Street Zen cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, TE Connectivity presently has an average rating of "Moderate Buy" and a consensus target price of $199.55.
Get Our Latest Stock Report on TEL
TE Connectivity Trading Up 0.9%
TE Connectivity stock opened at $210.49 on Thursday. The stock has a market cap of $62.20 billion, a P/E ratio of 43.58, a PEG ratio of 2.48 and a beta of 1.23. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $212.76. The firm's fifty day moving average price is $196.87 and its 200-day moving average price is $166.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.
TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.19. The firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.
TE Connectivity Profile
(
Free Report)
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
Further Reading
Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL - Free Report).
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